XML 23 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (432,790) $ (694,511) $ (1,833,728) $ (1,785,114)
Adjustments to reconcile net loss to net cash and cash equivalents used by operating activities:        
Depreciation 18,422 19,715 78,457 76,860
Common stock issued for services 254,870 224,299 565,569 286,575
Common stock issued from employee stock plan 14,003 11,733 75,415 0
Common stock issued for interest expense 0 208,400 366,400 0
Amortization of debt discount 0 20,950 20,950 0
Loss on sale of equipment 0 0 9,530 0
Allowance for doubtful accounts 0 0 17,450 0
Loss on sale of equipment to related party 0 0 0 42,987
(Increase) decrease in:        
Accounts receivable 21,270 2,190 (4,640) 112,070
Inventories 2,795 3,019 5,828 (63,085)
Prepaid expenses and other current assets 312 48,770 46,968 (33,422)
Increase (decrease) in:        
Accounts payable and accrued expenses 29,151 (195,615) 85,530 371,243
Payable to related parties 25,506 41,763 78,494 4,000
Net cash used by operating activities (66,461) (309,287) (487,777) (987,886)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of leasehold improvement with due to related party 0 0 29,064 0
Acquisition of leasehold improvement (6,000) 0 (29,064) 0
Acquisition of property and equipment (1,486) (4,045) (11,284) (35,414)
Payment to related party for leasehold improvement (6,000) 0 (29,064) 0
Net cash used by investing activities (7,486) (4,045) (11,284) (35,414)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from sale of common stock 0 0 0 65,000
Proceeds from convertible note payable 0 85,000 79,050 0
Payment on convertible note payable 0 0 (100,000) 0
Common stock issued from exercise of options 0 0 0 150
Payment on due to related parties 0 0 (30,500) 0
Proceeds from advances from related party 0 0 130,050 600,000
Proceeds from note payable to related party 72,000 300,000 405,000 0
Proceeds from reverse acquisition 0 0 0 180,854
Net cash provided by financing activities 72,000 385,000 483,600 846,004
Net change in cash and cash equivalents (1,947) 71,668 (15,461) (177,296)
Cash and cash equivalents, beginning of the year 28,417 43,878 43,878 221,174
Cash and cash equivalents, end of the year 26,470 115,546 28,417 43,878
SUPPLEMENTAL CASH FLOW INFORMATION:        
Cash paid for interest 0 0 5,000 48
Cash paid for income taxes 0 0 0 0
NON-CASH FINANCING AND INVESTING ACTIVITIES:        
Common stock issued for deferred offering cost 0 240,900 0 0
Common stock issued to acquire property 17,649 0 50,723 0
Common stock issued from conversion of payable to related party 0 0 0 600,000
Consolidation of related party note payable 0 0 153,400 0
Common stock issued in reverse acquisition and recapitalization 0 0 0 48,830
Changes in operating assets and liabilities due to reverse acquisition:        
Prepaid expenses 0 0 0 (3,434)
Property and equipment 0 0 0 (95,860)
Accumulated depreciation 0 0 0 44,332
Deposits 0 0 0 (841)
Accounts payable $ 0 $ 0 $ 0 $ 6,973